4,397 karma · joined September 20, 2023
https://www.sciencedirect.com/science/article/abs/pii/S00472...
"The income tax base captures 60 % of economic income of the top 1 % of wealth-holders.".
I would love if only 60% of my income was taxed. Heck I'm now even taxed on used junk I sell using Paypal (that I bought with taxed income dollars and paid sales tax on). But a tax that includes that other 40% of the top 1%'s economic income, guys, we can't do that. But don't forget to file your Paypal taxes or waves at threat of prison.
"Focusing on the top 1 %, while total borrowing is substantial, new borrowing each year is fairly small (1–2 % of economic income) compared to their new unrealized gains" "1 % of wealth-holders (above $14 million in 2022)"
1-2% of $14,000,000 is $140,000 to $280,000 a year. The median personal income is $45,140. They are benefiting untaxed to the tune of 3-6 times the median American income.
1-2% of 100 million is 1-2 million dollars a year untaxed benefit (44x median income). That is substantial.
I would love to benefit annually by that 'insignificant' amount goin untaxed. We should either exclude all economic income below $140,000 to $2,000,000 from taxation or change to tax this loan scheme that allows the top 1% to avoid their share on income 44x the median and even higher.
But none of that addresses that many Americans dream of being in those positions, and seeing foreigners who are doing it and are being funded by government dollars instills a human (not just white American) reaction. Human nature is our reality. It's not good or evil, it's just human. Feeding into it is evil. But that there are feelings is just natural. Responding to people feeling that with 'entitled white' does not improve anything. Does not encourage them to reflect on it, or realize 'yeah, it's a dream, but I saw the reality and chose something else'.
I'm not saying it's fair. I'm not saying immigrants/foreign visitors should be maligned/made to feel bad. But if we don't address it in a productive way, those human feelings become identity, become politics/actions, become toxic and destructive.
H1-B I would like to see addressed, I feel it is abused by companies to exploit people. But at the same time it's so toxic now it can't be addressed because the racism is too entrenched now. My fear is the same is being put in place with Phds. We need to not push it into identity with things like 'white entitled Americans' but push the reality that it's a nice daydream but people realize they don't want the reality (and not just in a 'American's don't want to do it' way, because again that isn't productive, because people do want it, just not enough to accept what comes with it).
OP is (knowingly or not) making the US more xenophobic for no productive reason. Labeling people doesn't help anything and we shouldn't do that, just like we shouldn't feed human but negative responses to other's doing things we wish we could do.
"I'm a victim in a system that has benefited me, why isn't it benefiting me over those other people anymore?" Again, it is normal for people to respond when a system changes to their detriment. Not a white people issue. It's also not wild/"white people" to think citizens should be favored over non-citizens by government funded programs. We have to lead people to a better position. Attempts at shaming them into it isn't going to work. Telling them 'things are just going to be worse for you you whining entitled white boy' isn't going to improve anything.
"Lol constant victims. I'm not trying to be a dick or rude." Pick one of the above. You can't pick both.
"It's endemic to American culture so there's no denying this." It's endemic to human nature, not just white American culture. You might want to broaden your human experience if you truly think this.
If your starting talking point is that half the country is irrational or detached from reality you've already abandoned the work of building consensus. We can keep doing the "Jon Stewart" thing and scoring points by calling the other side idiots, or we can grow up, act like adults, and do the much harder work of convincing people.
And the AI revolution is no housing, worsening food, a few people with yachts, the Epstein class getting away with what they want to do, and no new plumbing hookups because the datacenter took the municipal water supply.
Some of the brave people who tried to fight for freedom over Islamic theocracy, trusted in Trumps words help is on the way, and lost their lives. Trump (America) spent their lives as well: https://www.bbc.com/persian/resources/idt-c005edd8-7204-4c74...
I imagine scientific inspiration/insight comes in flashes. The ability to be honest in the job/what is going on/realistic is going to get much better results long term with better mental health, and trust making better internal dynamics.
"Racist clauses in property deeds can’t be enforced, but still exist. A Texas bill would make it easier to remove them."
https://www.texastribune.org/2021/03/17/texas-property-deeds...
"Racist Clauses Are Common In Local Zoning Documents. Several Texas Bills Would Make It Easier To Change That." https://www.kut.org/texas/2021-05-14/racist-clauses-are-comm...
The real reason companies are moving to Texas (the casual racism is just a bonus)? Court shopping for their arbitration clauses. If you sue/have an arbitration dispute with a Texas based company they have strategically located their headquarters in the areas with the most 'court shopped' judges that will rule for the corps.
And even worse than establishing corporate headquarters as a form of court shopping, creations of corporate courts. https://www.commondreams.org/news/texas-business-courts
And the new Texas hotness? Why yes, private courts. https://www.steptoe.com/en/news-publications/private-judges-...
Refuse to do business with Texas corporations. They are un-American and take away so many of your rights when you do business with companies based there.
My family died to come to the USA (from Ireland) and multiple grandmothers arrived very young orphans. My family from other places gave up friends/family/everything they knew to come here. There was a ton of suffering and sacrifice, no 'winning the lottery' for them. They sacrificed to place me where I am, no 'lottery ticket' got me here. Their intention did. My dad's dad worked in a horrible meat packing plant as part of that 'lottery ticket'.
My family sacrificed and clawed their way to get to a point to afford college for my father. They sacrificed to place me where I am, no 'lottery ticket' got me here. Their intention did.
My country fought a war for independence and a civil war to establish the freedoms I enjoy. Both my grandfathers fought/sacrificed hard in WW2 to get to the modern world. No 'lottery' created this world. Their effort/sacrifice did in part though.
All of those things were effort intention work and sacrifice by people. What they created wasn't a 'lottery land'. People have to plant the trees for others to sit under. I didn't win a lottery. Generations of family effort/pain/struggle went into getting me to where I started in life. Generations of people working on building a better society went into it.
Fuck anyone that minimizes everything my family did for me, I know I don't and am grateful every day for the people that chose to sacrifice to get me here. Growing up in Santa Cruz many of my friends who are now very successful had parents who were farm workers. They sacrificed their bodies to create a life for their kids, their kids didn't 'win the lottery'.
"This is definitely made easier by the fact that the arrogance, the endless lawyering, the shady dealings, the greediness, the constant switching between attacking and playing the victim, they all match to a tee the most known historical antisemitic tropes." https://news.ycombinator.com/item?id=48515906
"Large American investment companies that were also both founded by Jewish people. I'm sure it's just a coincidence, though" https://news.ycombinator.com/item?id=48516750